[Conference Call] Kia Weighs Higher European Localization Rate, Considers Slovakia Plant for EV-Only Production
Kia is considering expanding electric vehicle (EV) production at its plant in Slovakia to increase its local production rate in Europe.
On October 30, Kim Seungjun, Kia's executive vice president and head of finance, said during a conference call on the company's third-quarter 2026 earnings that it was "conducting an internal review of ways to increase its local production rate."
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Specifically, Kia is considering producing all of its EVs at the plant in Slovakia while manufacturing internal-combustion vehicles in South Korea for export. "We are also considering producing all EVs in Slovakia and manufacturing internal-combustion vehicles in South Korea," Kim said. "If the plan is finalized, we will proceed accordingly."
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